Fortune Valley Treasures, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 10:20 am EST
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Fortune Valley Treasures, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 2.01 million compared to USD 0.28356 million a year ago. Revenue was USD 2.01 million compared to USD 0.28356 million a year ago. Net income was USD 0.389988 million compared to net loss of USD 0.074622 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 5.47 million compared to USD 0.374787 million a year ago. Revenue was USD 5.47 million compared to USD 0.374787 million a year ago. Net income was USD 1.11 million compared to net loss of USD 0.264355 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to basic loss per share from continuing operations of USD 0.02 a year ago.
Fortune Valley Treasures Inc is a Canada-based company engaged in alcohol distribution business sector. The Company through its subsidiaries, engages in the business of retail and wholesale of a wide spectrum of wine products in China and Hong Kong. It offers a variety of wine products, including dry red wine, dry white wine, rose wine, sweet wine and more. The Company sells about 40 kinds of different brands of wine, most of which are imported from France and Spain. Its product portfolio is comprised of wines relevant particularly to Chinese customers, such as Le Petit Tour, Los Beceux, Sorlada, Lapso, Saint Martin, Seguelongue and Saint Emilion.
FORTUNE VALLEY TREASURES, INC. 
